GSB 410 Economic Analysis (Fall 2002)
What don't kill you will only make you stronger.
1. Instructor: Jeff S. Hong PhD
Tel: 203)576-4648 (Email is more effective.)
Email: professor
webpage: http://fly.to/jeffecon
2. Dates and Time: Saturday September 7 & 21/October 5 & 19 08:30A.M.~5:00P.M.
3. Classroom: Stamford Campus TBD
4. Required Text: Economics: A Contemporary Introduction, William A. McEachern, 5e
(ISBN: 0-538-88846-62000)
5. Office & Office Hours: MAN 204 by appointment/ In Stamford, 1 hour after class
6. Course Outline
Economics is gnenerally known to be the science of analysis as well as synonymous to the science of decision. This course aims not at acquiring trivia factoids about the current state of the economy. It rather aims at thorough understanding of rationales and methodical frameworks of economics, developing critical reasoning, acquiring rigorous analytical skills and forming algebraic thought-processing habits that can be applied in any problem-solving situations even long after the rote memory wears out.
Topic 1: Micro Foundation of Macro (Textbook Ch2~3)
Pleasure reading 1: "Economics of Greed"
Topic 2: Unemployment & Inflation (Textbook Ch6~7)
Pleasure reading 2: "Double Dip?"
Topic 3: Income & Spending (Textbook Ch8~9)
Pleasure reading 3: "Slowing European Economies"
Topic 4: Demand-Side Equilibrium (Textbook Ch10)
Pleasure reading 4: "To Burst or Not To Burst?"
Topic 5: Changes on Demand Side - Multiplier Analysis (Textbook Ch10) & Midterm
Pleasure reading 5: "Volatile Markets"
Topic 6: Supply-Side Equilibrium (Textbook Ch11)
Pleasure reading 6: "Hedge Funds"
Topic 7: Aggregate Demand - Fiscal Policy (Textbook Ch12)
Pleasure reading 7: "Stability & Growth Pact"
Topic 8: Banking & Monetary Policy (Textbook Ch13~14)
Pleasure reading 8: "European Banks"
Topic 9: Monetary Theory - Keynesianism vs. Monetarism (Textbook Ch15)
Pleasure reading 9: "Deflation, not Double Dip"
Topic 10: Budget Deficit & Policy Debate (Textbook Chs 16 & 17)
Pleasure reading 10: "Global House Prices - Bubble?"
Topic 11: International Trade
Pleasure reading 11: "Swiss Corporate Raiders"
Topic 12:
Internatioonal Monetary/Finance: Economist 08/03 Economic Focus "Managing the World Economy" & Final ()
Pleasure reading 12: "Debt & Deflation"
Pleasure reading 13: "Deflation Gap"
Pleasure reading 14: "Inflection Point"
Lecture in Powerpoint
Review Interest rate, Isolating P on D, Pricing Strategy, & Measuring Productivity
, Dealing with W
Download free Adobe Acorbat.
Syllabus in pdf format.
Study Guide & Mock Tests.
Economist Jokes.
There will be 5 quizzes/homeworks to be given at random. Students are required to closely review the lecture notes to be prepared for the quiz at any time.
Mid-Term will constitute 30%, Final 30%, 3 best out of 5 quizzes/homeworks 30%, and Attendance 10% of your grade. Attendance will be checked at random.
Attendance & Class Participation:
This is a graduate course. Attendance is strictly your responsibility. Pls remember that most of the materials to be treated in the class are technical. If you miss a class, it will be difficult to make it up on your own.
If you have to miss a class, email me sufficiently ahead of time. If you miss a class w/o any notice, pls be advised that you are doing it at your own risk. Class participation/discussion is welcomed if it is appropriate and relevant to the lecture material. Far-fetched or unstructured moot arguments are not appreciated.
What don't kill you will only make you stronger.